Teacher Retirement System of Texas Cuts Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Teacher Retirement System of Texas decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 34.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,293 shares of the Wireless communications provider's stock after selling 81,113 shares during the quarter. Teacher Retirement System of Texas' holdings in T-Mobile US were worth $33,836,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Dunhill Financial LLC lifted its holdings in shares of T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 56 shares during the period. Rakuten Securities Inc. lifted its stake in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 62 shares during the last quarter. Financial Life Planners bought a new position in shares of T-Mobile US in the 4th quarter valued at $29,000. Legacy Investment Solutions LLC acquired a new position in shares of T-Mobile US during the 3rd quarter worth $34,000. Finally, Bruce G. Allen Investments LLC boosted its stake in T-Mobile US by 79.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock valued at $36,000 after buying an additional 73 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TMUS. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday. Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Scotiabank raised their price objective on T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. HSBC cut T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Wednesday, March 5th. Finally, Tigress Financial reissued a "buy" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $255.80.

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Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.67% of the company's stock.

T-Mobile US Stock Down 0.1 %

Shares of TMUS stock traded down $0.21 on Tuesday, reaching $258.75. 2,987,882 shares of the company were exchanged, compared to its average volume of 3,978,143. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company has a 50-day moving average of $249.10 and a 200-day moving average of $231.22. The company has a market cap of $295.43 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.36%. T-Mobile US's payout ratio is 36.40%.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.